Kyle Bean for Fortune

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By Dan Primack
June 16, 2014

Venture Capital Deals

Instacart, a San Francisco-based on-demand grocery delivery service, has raised $44 million in Series B funding. Andreessen Horowitz led the round, and was joined by return backers Sequoia Capital, Khosla Ventures and Canaan Partners. Participating individuals included Aaron Levie (Box) and Sam Altman (Y Combinator). www.instacart.com

Glympse, a Seattle-based provider of real-time location sharing solutions, has raised $12 million in Series C funding. UMC Capital and Verizon Ventures were joined by return backers Partners, Menlo Ventures and Naya Ventures. www.glympse.com

Mcor Technologies Ltd., an Ireland-based maker of desktop paper-based 3D printers, has raised $12 million in growth capital funding from WHEBwww.mcortechnologies.com

Lucid
, developer of a connectivity and analytics platform for connected devices in commercial buildings, has raised $8.2 million in Series B funding. Formation 8 led the round, and was joined by Zetta Venture Partners. www.luciddesigngroup.com

Valencell
, a Raleigh, N.C.-based provider of biometric data sensor technology, has raised more than $7 million in Series C funding. WSJ Joshua Fund led the round, and was joined by TDF Ventures, True Ventures and Best Buy Capital. www.valencell.com

CounterTack, a Waltham, Mass.-based provider of real-time endpoint threat detection, context and visibility around targeted attacks,, has raised $5 million in new Series B funding from Razor’s Edge Ventures. The round now stands at $20 million, including past commitments from Goldman Sachs, Siemens Venture Capital and Fairhaven Capital. www.countertack.com

Private Equity Deals

Apollo Global Management is in talks to acquire the Alberta oil assets (Bighorn Properties) fromEncana Corp. (TSX: ECA) for around $1.8 billion, according to the WSJ. www.encana.com

American & Efird Global LP, a portfolio company of KPS Capital Partners, has agreed to acquire the industrial and consumer thread business of Germany’s Gütermann Holding SEwww.amefird.com

Intermediate Capital Group and Kirkbi AS have acquired Minimax Viking, a German maker of fire protection products, from IK Investment Partners for approximately €1.3 billion, according to Dow Jones. www.minimax.de

Lone Star Funds has completed its $9.50 per share take-private acquisition of DFC Global Corp., a Berwyn, Penn.–based financial services company primarily unbanked and under-banked consumers. www.dfcglobalcorp.com

Oak Hill Capital Partners has agreed to acquire Pulsant, a UK-based provider of IT infrastructure to the mid-market enterprise sector, from Bridgepoint Development Capital. No financial terms were disclosed for the deal, which is expected to close within the next few weeks. www.pulsant.com

PAI Partners
 has entered into exclusive talks to acquire a stake in French ready-to-eat fine food company Labeyrie Fine Foods (LFF) from Lur Berri (which would retain around half of its position). No financial terms were disclosed, except that LFF generated around €757 million in revenue for the fiscal year ending last June. www.lurberri.fr

Royal Bank of Scotland
 is in talks with several private equity firms – including CVC Capital Partners, KKR, Permira and Warburg Pincus – about injecting cash into Irish unit Ulster Bank, according to theSunday Times. www.rbs.com

Samena Capital
 and two undisclosed Gulf sovereign wealth funds have acquired a 30.6% stake in listed UAE-based ceramics maker Ras Al Khaimah Ceramics from Sheikh Saud bin Saqr al-Qasim (which will retain a “significant” stake in the business). www.rakceram.com

TDR Capital
 has agreed to acquire UK-based IMO Carwash, five years after The Carlyle Group lost control of the company to creditors. No financial terms were disclosed. www.imocarwash.com

Warwick Partners II has acquired R/C Sugarkane LLC, an upstream oil and gas company that owns 7,300 net acres in the Eagle Ford Shale in South Texas, from Riverstone Holdings LLC. No financial terms were disclosed. Warwick Partners II is sponsored by ArcLight Capital Partners (lead), Prudential Capital Group, Kramlich Investment Company, Serengeti Asset Management, the Freeman Group and  Hayman Partners. www.warwick-partners.com

IPOs

Alibaba this morning provided more information about its post-IPO management structure and Q1 financial results. Read more.

Aspen Aerogels Inc., a Northborough, Mass.-based developer of flexible insulation products, raised $83 million in its IPO. The company priced 7.5 million shares at $11 per share (below $14-$16 range), for an initial market cap of approximately $226 million. The company will trade on the NYSE under ticker symbol ASPN, while Barclays, J.P. Morgan and Citigroup served as lead underwriters. It reports $48 million in net loss for 2013 on $86 million in revenue, compared to a $56 million net loss in 2012 on $63 million in revenue. Aspen Aerogels has raised over $85 million in VC funding from Reservoir Capital Partners (32.7% pre-IPO stake), Argonaut Ventures (27.1%), Arcapita Ventures (13.5%), RockPort Capital Partners (7.7%), Tenaya Capital (2.9%), Fidelity Investments (1.9%) and BASF Venture Capital. www.aerogel.com

Materialise NV, a Belgium-based provider of 3D printing services, has set its IPO terms to 8 million shares being offered at between $12 and $14 per share. It would have an initial market cap of approximately $612 million, were it to price in the middle of its range. The company plans to trade on the Nasdaq under ticker symbol MTLS, with Piper Jaffray and Credit Suise serving as lead underwriters. The company reports $3.4 million in net income on $69 million in 2013 revenue, compared to $1.4 million in net income on $59 million in 2012 revenue. Shareholders include Sniper Investments (3.45% pre-IPO stake). www.materialise.com

Memorial Resource Development
, a Houston-based oil and gas exploration and production company (focused on Northern Louisiana) backed by Natural Gas Partners, raised $813 million in its IPO. The company priced 42.8 million shares at $19 per share, compared to plans to offer 36 million shares at between $16 and $18 per share. It will trade on the Nasdaq under ticker symbol MRD, while Citigroup and Barclays served as lead underwriters. www.memorialrd.com

Michaels Companies Inc., an arts and crafts retailer owned by Bain Capital and The Blackstone Group, has set its IPO terms to 27.78 million being offered at between $17 and $19 per share. It would have an initial market cap of approximately $3.65 billion, were it to price in the middle of its range, The company plans to list its shares on the Nasdaq under ticker symbol MIK with J.P. Morgan and Goldman Sachs serving as lead underwriters. www.michaels.com

TransFirst, a Hauppauge, N.Y.-based payment processing company owned by Welsh Carson Anderson & Stowe, is beginning to explore an IPO, according to Reuters. No investment banks have been selected. Welsh Carson had tried to sell TransFirst in 2012 for between $1.3 billion and $1.5 billion, but could not find a buyer. www.transfirst.com

Xunlei Inc
., a Chinese consumer Internet platform based on cloud computing that enables users to access and manage digital content, has set its IPO terms to around 7.3 million shares being offered at between $9 and $11 per share. It would have an initial market cap of approximately $347 million, were it to price in the middle of its range. The company plans to trade on the Nasdaq under ticker symbol XNET, with J.P. Morgan and Citigroup serving as lead underwriters. It reports $3.8 million of net income on around $180 million in revenue for 2013. Shareholders include Xiaomi Ventures (27.2% pre-IPO stake), Morningside Technology Investments (14.5% stake), Vantage Point Global (12.6%), King Venture (12.2%), IDG Technology Ventures (9.7%) and Ceyuan Ventures (5.4%). In its prior filings, Google also held a stake below 5%. www.xunlei.com

M&A

Mitchells & Butlers (LSE: MAB) has agreed to acquire a majority stake in rival British pub operator Orchid Group for £266 million. The deal includes 173 pubs. Sellers include GI Partnerswww.orchidgroup.co.uk

SanDisk Corp. (Nasdaq: SNDK) this morning announced that it has agreed to acquire Fusion-io (NYSE: FIO), a maker of flash-based PCIe hardware and software solutions, for approximately $1.1 billion in cash, or $11.25 per share. This represents a 21.23% premium over Friday’s closing price for Fusion-io stock, but 41% lower than where the company priced its IPO in June 2011. Venture capital firm NEA still holds around 7 million shares in the company, compared to the 26 million it held at the time of IPO. http://www.sandisk.com

Medtronic Inc. (NYSE: MDT) has agreed to buy medical device maker Covidien PLC (NYSE: COV) for $42.9 billion in cash and stock, representing a 29% premium over Friday’s closing value for Covidien stock. The tax-inversion deal would see Minnesota-based Medtronic relocate its official headquarters to Ireland, where Covidien also is headquartered (even though most of its operations are in Massachusetts). Read more.

Williams Cos. (NYSE: WMB) has agreed to acquire a control stake in Access Midstream Partners LP (NYSE: ACMP) from Global Infrastructure Partners for around $6 billion in cash. Following the deal, Williams will own 100% of AMP’s general partner and 50% of its limited partnership interests. www.accessmidstream.com

Aon Affinity, a unit of Aon PLC (NYSE: AON), has agreed to acquire StoneRiver National Flood Services Inc., a provider of U.S. flood insurance processing and technology, from StoneRiver Group LP, a unit of Fiserv Inc. (Nasdaq: FISV). www.nfs.stoneriver.com

Level 3 Communications (NYSE: LVLT) this morning announced that it will buy TW Telecom(Nasdaq: TWTC) for around $5.68 billion in cash and stock, or the equivalent of $40.86 per share (12% premium over Friday’s closing price). Read more.

Priceline (Nasdaq: PCLN) on Friday agreed to acquire online restaurant booking companyOpenTable (Nasdaq: OPEN) for $2.6 billion in cash, or $103 per share (46% premium over Thursday’s closing price). Read more.

Yandex (Nasdaq: YNDX) has agreed to acquire Auto.ru, a Russian online classified site for cars, for $175 million in cash. www.yandex.com

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